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    Indemnity Deed

    Uploaded by

    Jerin Asher Sojan
    The Tanjore Cultural Heritage Society owns three valuable paintings that it acquired in 1908 as a national treasure. It has agreed to loan the paintings to the Andhra Cultural Centre Museum for an international art exhibition for 6 months. In exchange, the museum must sign an indemnity deed agreeing to protect the paintings and hold the society harmless from any claims arising from the loan for a period of 6 months in exchange for a payment of 50,000 rupees. The deed was signed by both parties on March 8, 2017 in Tanjore to formalize the loan and terms of indemnification.

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    Indemnity Deed

    Uploaded by

    Jerin Asher Sojan
    180 views2 pages
    The Tanjore Cultural Heritage Society owns three valuable paintings that it acquired in 1908 as a national treasure. It has agreed to loan the paintings to the Andhra Cultural Centre Museum for an international art exhibition for 6 months. In exchange, the museum must sign an indemnity deed agreeing to protect the paintings and hold the society harmless from any claims arising from the loan for a period of 6 months in exchange for a payment of 50,000 rupees. The deed was signed by both parties on March 8, 2017 in Tanjore to formalize the loan and terms of indemnification.

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    Indemnity Deed.docx

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    The Tanjore Cultural Heritage Society owns three valuable paintings that it acquired in 1908 as a national treasure. It has agreed to loan the paintings to the Andhra Cultural Centre Museum for an international art exhibition for 6 months. In exchange, the museum must sign an indemnity deed agreeing to protect the paintings and hold the society harmless from any claims arising from the loan for a period of 6 months in exchange for a payment of 50,000 rupees. The deed was signed by both parties on March 8, 2017 in Tanjore to formalize the loan and terms of indemnification.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    180 views2 pages

    Indemnity Deed

    Uploaded by

    Jerin Asher Sojan
    The Tanjore Cultural Heritage Society owns three valuable paintings that it acquired in 1908 as a national treasure. It has agreed to loan the paintings to the Andhra Cultural Centre Museum for an international art exhibition for 6 months. In exchange, the museum must sign an indemnity deed agreeing to protect the paintings and hold the society harmless from any claims arising from the loan for a period of 6 months in exchange for a payment of 50,000 rupees. The deed was signed by both parties on March 8, 2017 in Tanjore to formalize the loan and terms of indemnification.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    INDEMNITY DEED

    This DEED OF INDEMNITY executed this, the 8 th day of March 2017 BETWEEN Andhra
    Cultural Centre Museum, South Usman Road, Chennai hereinafter called the
    INDEMNIFIER(which term shall mean and include all their executors, representatives,
    assignees, etc.) of the ONE PART and The Tanjore Cultural Heritage Society, Tanjore hereinafter
    called the INDEMNITY HOLDER(which term shall mean and include all theirexecutors,
    representatives, assignees, etc.) of the OTHER PART.

    WHEREAS the indemnity holder is the absolute owner of the property consisting of three
    paintingsmore fully described in the schedule hereunder having acquired the same from
    Archeological Department of India in 1908 as a national treasure.

    WHEREAS the indemnity holderindemnifies the said property consisting of three paintings,
    more fully described in schedule hereunder, for the purpose of international art exhibition.

    WHEREAS the indemnifier has produced the necessary certificates required by the said
    indemnity holder.

    WHEREAS the said indemnity holder has agreed to relieve the three painting for a period of 6
    months to the indemnifier on they executing this indemnity bond as herein contained.

    NOW THIS DEED WITNESSES THAT IN CONSIDERATION OF the indemnity holder having
    agreed to be indemnified and the indemnifierproducing the necessary certificates further the
    indemnity holder has agreed to relieve the three painting for a period of 6 months to the
    indemnifier on they executing this indemnity bond as herein contained.

    TO HAVE AND TO HOLD the said property in the schedule by the indemnifier absolutely and
    forever and without any encumbrance of whatsoever nature for six months.

    THAT the vendor and purchaser hereby mutually covenant as follows:

    1. In consideration of the above the said sum of Rs. 50000/- (Fifty thousand rupees only)
    now to be paid to the indemnity holder on the assurance of the indemnifier as to the
    protection and indemnity against any possible claim by any person or persons
    whomsoever, the indemnity holder do hereby and hereunder covenant and agree with the
    indemnifier and at all times keep indemnified and to save and hold harmless the said
    indemnity holder, its officers, and agents from all actions, claims, demands, liabilities
    losses, damages, costs charges, and expenses in all respects that may be advanced against
    or incurred by the indemnity holder in respect of or by reason of the payment of the
    amount to the indemnity holder.

    IN WITNESS WHERE OF, the parties hereto have set their hands on this, the 8 th day of March,
    2017.
    Dated at Tanjore, this 8th Day of March,2017.

    WITNESS

    (1) (sd/-)-xxxxxxxsd/-xxxxxxxxxx

    (Indemnity holder)

    (2) (sd/-)-xxxxxxxxxxxsd/- xxxxxxxxxxxx

    (Name and Address) (Indemnifier)

    SCHEDULE OF PROPERTY

    Painting One: Raja Raja Cholan Portrait

    Painting Two: Bronze Tanjore Dancing Doll

    Painting Three: Shiva and Nandi Bronze Statue.

    Dated at Thanjore, the 8th day of March, 2017.

    (sd/-)

    xxxxxxxx

    (Indemnity Holder)

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